Equity Bancshares, Inc. (EQBK) To Go Ex-Dividend on June 28th

Equity Bancshares, Inc. (NASDAQ:EQBK) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Friday, June 28th will be given a dividend of 0.12 per share by the bank on Monday, July 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, June 28th.

Equity Bancshares has a dividend payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equity Bancshares to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 11.4%.

Equity Bancshares Price Performance

Shares of EQBK stock traded up $0.04 during trading hours on Wednesday, reaching $33.45. The stock had a trading volume of 1,942 shares, compared to its average volume of 48,223. The stock’s fifty day simple moving average is $33.56 and its 200 day simple moving average is $33.16. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.69. Equity Bancshares has a 12 month low of $21.79 and a 12 month high of $34.99. The firm has a market capitalization of $510.11 million, a PE ratio of 9.83 and a beta of 0.91.

Equity Bancshares (NASDAQ:EQBK) last released its quarterly earnings data on Tuesday, April 16th. The bank reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. Equity Bancshares had a net margin of 3.88% and a return on equity of 12.08%. The company had revenue of $55.91 million during the quarter, compared to analyst estimates of $52.00 million. On average, equities research analysts predict that Equity Bancshares will post 3.89 EPS for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price on shares of Equity Bancshares from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Equity Bancshares currently has an average rating of “Hold” and a consensus price target of $33.33.

Insider Activity at Equity Bancshares

In related news, Director Junetta M. Everett purchased 2,903 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $34.50 per share, for a total transaction of $100,153.50. Following the completion of the acquisition, the director now directly owns 9,813 shares in the company, valued at approximately $338,548.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.00% of the stock is currently owned by company insiders.

Equity Bancshares Company Profile

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.